Collins, 69, was booked after the crash Tuesday in the San Fernando Valley, Officer April Harding said. He was later released on $40,000 (EUR28,110) bond, authorities said.
It was not immediately known whether Collins had retained an attorney. Attempts to locate Collins late Wednesday were unsuccessful.
"He was not at fault in the accident," Harding said. "The other motorist failed to yield to oncoming traffic and collided with Collins' vehicle."
The actor's sports utility vehicle subsequently crashed into two parked cars, Harding said.
The investigation was ongoing, Harding said.
Collins hosted the talk show "Hour Magazine" in the 1980s. His long career includes guest roles on series such as "Yes, Dear," "JAG" and "The Young and the Restless," as well as appearances on "The New Hollywood Squares" and "Circus of the Stars."